Canandaigua National Corp Buys 547 Shares of The Boeing Company (NYSE:BA)

Canandaigua National Corp grew its stake in The Boeing Company (NYSE:BAGet Rating) by 5.5% in the 1st quarter, Holdings Channel reports. The firm owned 10,479 shares of the aircraft producer’s stock after purchasing an additional 547 shares during the period. Canandaigua National Corp’s holdings in Boeing were worth $2,007,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Boeing in the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. increased its stake in shares of Boeing by 1,092.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Boeing by 42.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. AHL Investment Management Inc. bought a new position in shares of Boeing in the 4th quarter worth about $39,000. Finally, Delos Wealth Advisors LLC increased its stake in shares of Boeing by 6,466.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 194 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. UBS Group set a $263.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, April 28th. Wells Fargo & Company reduced their price objective on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Bank of America raised their price objective on shares of Boeing from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Finally, StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $219.56.

Boeing Price Performance

Shares of BA traded down $0.13 on Tuesday, reaching $165.76. The company’s stock had a trading volume of 115,604 shares, compared to its average volume of 9,596,182. The stock has a market capitalization of $98.43 billion, a P/E ratio of -18.41 and a beta of 1.38. The stock’s 50 day simple moving average is $144.48 and its two-hundred day simple moving average is $165.84. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $241.15.

Boeing (NYSE:BAGet Rating) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The business had revenue of $16.68 billion for the quarter, compared to the consensus estimate of $17.53 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts expect that The Boeing Company will post -1.69 earnings per share for the current year.

About Boeing

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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